NIFTY FUTURE is currently in SIDEWAYS trend.
Yesterday the trend was STRONG BULL LOW VOLATALITY In Jan
series Nifty future shed 7.26 lakh position in Open Interest and this accounts
to -6.28 % of Total Open Interest in Jan series.The Nifty Jan series is trading
at 0.95 Rs discount to Underlying . In derivative cumulatively for all series
contract Nifty future net added 4.75 lakh position in open interest and this
accounts to 3.01 % of Total Open Interest in all series and cumulatively
trading in average premium of 34.85 Rs to Underlying. The open interest is also
not increasing with trend so be careful
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and writing of put is increasing Yesterday Nifty Put option has added 733.42 lakh position and Nifty call option has added 652.12 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 15.48 crore in value and Nifty call option has shed Rs -6.64 crore in value on cumulative basis.
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and writing of put is increasing Yesterday Nifty Put option has added 733.42 lakh position and Nifty call option has added 652.12 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 15.48 crore in value and Nifty call option has shed Rs -6.64 crore in value on cumulative basis.
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